All Forum Posts by: Megan Rycroft

@Amedeo M. Prices vary depending on what you're looking for. I've seen sub $250K SF and Townhouses that need a little work to over $400K for 5+ bedrooms, turnkey homes. I can only tell you about the immediate vicinity around my property. The homes range from $230-$270 and generate anywhere from $20K-$40K gross p/y. $20K being the part-time Airbnb/personal-use vacation home and $40K being the Superhost. 

@Damian Callaghan certainly feel your frustration with the current rates but bear in mind that if it's a good deal now, you should lock it in because rates will eventually come back down. I recently invested in a single-family rental in DFW and am only ~$200 a month in cash flow. At least I'm in the positives, but the number feels low compared to my other investments. Anyway, I expect this amount to increase in a few months when we increase the rental rate with our tenant. FYI, there are no restrictions around rental rate increases in Texas, unlike where I'm from. I would advise you to look in the right markets (which unfortunately doesn't sound like your local market). Many things to factor in when determining which market is right but for us, it was state income tax, rental laws, and proximity to downtown. For out of state investing, I strongly suggest turnkey companies that also do property management. It will save you so much time and headache and effort. My property in DFW is through a turnkey company and I really like their process and management so far. It was already renovated and tenanted with a fixed term lease. Happy to chat further if you're interested.